Yes, technically as it surpasses the height of P2 it becomes a P1 but since it occurs after Aband is established and the resulting progression of trend up to that point, one checks for EE prior to assigning an event.
I'm also working on a flow sheet of sort to list possible volume sequences bar to bar (without listing FS). Up to the 3rd bar is simple but organization starts getting messy from the 4th bar on apparently. EE's are highlighted yellow.
Just chiming in on your question. Others may have a more verbose and/or qualified answer. B-band exists within the A-band. In simple terms, imo, what we are doing with VTP is attempting to progress the OOE (via the volume sequence). Using your Ag or T2P example, Ag is VEBO. It would be great if VEBO could be defined through price -OR- volume. My education says VEBO is defined through the price pane, where volatility lives. My answer to the question is... differentiation. "I did it/I'm doing it this way because" is prerequisite. Otherwise, it's an invention at best, or willy-nilly at worst.
It does get complicated when you start tracking waits and laterals as well as events beyond Aband. I've found using software that allows collapsible nodes helps keep things clearer. This is using a mindmap software called Simplemind.
ESZ8-5m-181005-carryover to 08 open - price pane ESZ8-5m-181005-carryover to 08 open - volume pane Although Af-hvbo volume bars are cutoff, the definition is intact.
You all know, today was the largest down-side move in months! TV news hosts are trying like hell to sensationalize it. TV market gurus are issuing "ideas". You know what I find remarkable, other than the obvious trading opportunities? NOTHING! Today was another day... Follow the bouncing ball and annotate. I didn't even realize the actual number of points shed. Containers kept getting wider or accelerating though. I don't have a pic to post. There was nothing remarkable on my screens. Remarkable unremarkable-ness. It wasn't long ago I would have sat mostly frozen due to an unknowing. With that, I just want to say thanks to all who share pieces of their journey through the JHPV methods.
I still have so much unknowing so I avoid the very open and call it a day by noon-ish. Only to find that those two together had about 70 pts range!!! I'm glad I'm not losing but wow!
hmm... I did wish for volatility to continue but I'm kind of having a tough time adjusting to this... It no longer feels smooth like when it first started dropping. My mind isn't calibrated to take advantage of these moves...
At higher volumes, "pace" is more sensitive and temporarily shifts. What was low is medium kind of stuff... the subs and sub-subs occur with higher vol, and (therefore) with higher vola. Stay in your lane... annotate. pay attention to pace. look for "mis(sed)" ID's. Everything needed is on your screen.